Government Sets ATF Price Ceiling at Rs 75.60 per Litre Amid Domestic Surge

The Indian government announced a price cap on automotive fuel (ATF). The ceiling is fixed at Rs 75.60 per litre for domestic operations. The move responds to a recent surge in fuel prices. Authorities aim to protect consumers and stabilize the market. The cap applies to all domestic distributors and retailers. Officials expect the measure to curb inflationary pressures. Industry groups will monitor compliance with the new limit. Further policy adjustments may follow if price volatility continues.